Economic news

Asian shares rebound following U.S. bond prices

Asian shares recovered from almost two-week trough on Tuesday as traders paused for breath after the heavy selloff in recent sessions and assessed the dollar’s rally duration.

Photo: Reuters

MSCI's broadest index of Asia-Pacific shares inched up 0.2 percent, having touched its nadir since April 9 after two consecutive sessions of losses.

Japan's Nikkei gained 0.7 percent, supported by a weaker yen.

Australian stocks climbed 0.7 percent, while South Korea’s Kospi lost 0.3 percent.

Hong Kong’s Hang Seng Index soared 1 percent and the Shanghai Composite Index jumped 1.8 percent.

U.S. bond prices bounced back too after four days of decline that sent 10-year Treasury yields closer to the crucial mark of 3 percent.

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